Texas § 8512.0509 INTERIM BONDS.

Texas Statutes

§ 8512.0509 — INTERIM BONDS.

Texas § 8512.0509

Code SDSpecial District Local Laws Code

This text of Texas § 8512.0509 (INTERIM BONDS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Special District Local Laws Code Code Ann. § 8512.0509 (2026).

Text

Text of section effective on April 01, 2027 Sec. 8512.0509. INTERIM BONDS.

(a)Before issuing definitive bonds, the authority may make and issue interim bonds.

(b)The interim bonds issued shall be taken up with the proceeds of the definitive bonds, or the definitive bonds may be issued and delivered in exchange for the interim bonds.

(c)After an exchange of definitive bonds for interim bonds, the authority shall file certificates with the comptroller as to the exchange and cancellation, and the comptroller shall register the certificates in the same manner as the proceedings authorizing the issuance of the bonds are registered.

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Text of section effective on April 01, 2027
Sec. 8512.0509. INTERIM BONDS. (a) Before issuing definitive bonds, the authority may make and issue interim bonds.
(b) The interim bonds issued shall be taken up with the proceeds of the definitive bonds, or the definitive bonds may be issued and delivered in exchange for the interim bonds.
(c) After an exchange of definitive bonds for interim bonds, the authority shall file certificates with the comptroller as to the exchange and cancellation, and the comptroller shall register the certificates in the same manner as the proceedings authorizing the issuance of the bonds are registered.